All Property Week articles in 7 May 2004 – Page 3
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News
Police capture west London office
The Metropolitan Police Authority has taken 16,876 sq ft (1,570 sq m) at CLS Holdings' Vista Office Centre in Hounslow, west London. It has signed a 10-year lease at £13.75/sq ft (£148/sq m). Andrews Denford & Boyd and Vail Williams acted for CLS; Smith Melzack Pepper Angliss advised ...
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News
Canary Wharf: cash-and-share price ‘hypothetical’
Sir Martin Jacomb, chairman of Canary Wharf Group’s independent committee, has described as ‘hypothetical’ the 348p-a-share figure the Brascan consortium has said shareholders can receive if they choose the cash-and-share alternative to its 275p cash offer. In a letter to shareholders reiterating the independent committee’s support for the rival ...
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News
Wolves track casino plan called in
A gaming group has had its plans for a casino at Wolverhampton Racecourse called in by the regional Government Office. The decision to examine the proposal is a blow to Arena Leisure, which is planning the UK’s first racecourse casino, operated by Gala Group, on Green belt land. As ...
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News
Clinton’s Dixons buy on the cards
Clinton Cards has expressed an interest in buying a batch of electrical retailer Dixons’ high street stores. The card shop, which has been aggressively taking space and has been opening on retail parks, last week informed Dixons’ agent Colliers CRE of its interest. Dixons is disposing of 106 shops. ...
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News
Jurys out to buy hotels
Jurys Doyle hotels has exercised an option to buy two of its hotels in Ireland, for ¤20m (£13.4m), and announced plans to buy more. The hotel group bought the 185-bedroom Jurys Inn in Christchurch, Dublin, for ¤9m (£6m), and is in final negotiations to buy the 128-bedroom Jurys Inn in ...
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News
British Land loses Debenhams deal
British Land has lost out on a £450m purchase-and-leaseback deal on 25 Debenhams department stores after the group’s new owner decided to refinance them instead. Baroness Retail has dropped the sale-and-leaseback plans after arranging finance with the German Bayerische Landesbank. British Land was informed last week. It is understood ...
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Markets
RDA publishes blueprint for harmony in Oldham
Regeneration strategy aims to counter segregation that led to 2001 race riot
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Insight
The big retail gamble
As the gambling industry prepares for deregulation, the big international operators are looking to UK shopping centres for the next swathe of casino developments.
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News
Big Yellow’s first year in the black
Fast-expanding self-storage group celebrates pretax profit of £1.2m
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News
British Land's bid for housebuilder falters
Takeover talks with Raven Mount hit problems over pension fund deficit
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News
REITs will behave like shares not property
Australian investment guru Colman warns private investors of REIT volatility
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Markets
Westminster residents rubbish M&S’s Baker Street revamp
There was a mixed reception to Marks & Spencer ’s proposed redevelopment of its Baker Street headquarters as Chris Williams , the group’s head of estates, unveiled the plans at a public meeting last week. The meeting of residents, businessmen and councillors was part of Westminster council’s consultation for ...
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News
Occupiers’ award
The award for Occupiers’ Property Strategy of the Year was collected on behalf of Vodafone by Billy Davidson, head of property strategy, and not Mike Newens as stated last week.
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News
JP Morgan Fleming starts European arm
Business headed by Peter Reilly will follow investment management route
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News
Erinaceous buys Interior Services Group arm
Erinaceous, the property services group, has made its first acquisition since listing on the Alternative Investment Market (AIM) last November, buying the property and facilities management arm of fellow AIM company Interior Services Group (ISG). Erinaceous will pay ISG £10m over three years for ISG Occupancy, which was set ...
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News
Argent to sell Reading scheme for serviced offices
Stonemartin expected to pay £50m for Forbury Square development
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News
St Albans picks developer
Mixed-use specialist Henry Davidson Developments has been appointed as the preferred developer for a £20m retail and leisure scheme in St Albans, Hertfordshire. It was selected this week by St Albans council to develop a 272,953 sq ft (25,538 sq m) scheme, with a 13,000 sq ft (1,210 sq m) ...
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News
Chester Racecourse to host £75m mixed use
David McLean Developments is to develop a £75m mixed-use scheme at Chester Racecourse. The development, on two sites next to the course and the River Dee, will involve 70,000 sq ft (6,503 sq m) of offices developed over four storeys, as well as restaurants and retail space, 300 new homes, ...
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News
Apollo makes ¤700m Polish EU accession purchase
Investor buys shopping centre portfolio in new member state's biggest-ever deal
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